#Ontario Blog

Wednesday, June 19, 2024   /   by Shiela Balanay

Ontario MLS® Home Sales Continue to Decline in May

Residential sales activity reported through the MLS® Systems of real estate boards in Ontario numbered  54,992 in May 2024. This increased by 4.9% from the same period in 2023. The more comprehensive year-to-date average price was $876,615, up only 0.5%. Active listings were 54.9% above the five-year average and 23.2% above the 10-year average for the month of May. Months of inventory numbered 3.3 at the end of May 2024, up from the 1.7 months recorded at the end of May 2023 and above the long-run average of 2.1 months for this time of year.

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Monday, May 13, 2024   /   by Shiela Balanay

Ontario MLS® New Listings, Overall Inventories Surge

Residential sales activity reported through the MLS® Systems of real estate boards in Ontario numbered 54,992 in April 2024. This was up by 4.9% from the same period in 2023. The more comprehensive year-to-date average price was $876,615, a slight gain of 0.5% from the first four months of 2023. 

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Monday, April 22, 2024   /   by Shiela Balanay

Ontario MLS® Home Sales Outpaced by Rise in New Listings in March

Residential sales activity reported through the MLS® Systems of real estate boards in Ontario numbered  37,571 in March 2024. This increased by 7.9% from the same period in 2023. The average price of resale residential homes sold across the province in March 2024 was $889,033, a modest gain of 1.4% from March 2023. The number of new listings on MLS® Systems of real estate boards in Ontario saw a sizable gain of 14.4% from March 2023. There were 30,610 new residential listings in March 2024. ...

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Saturday, March 16, 2024   /   by Shiela Balanay

Ontario MLS® Home Sales & New Listing Rise in February

Residential sales activity reported through the MLS® Systems of real estate boards in Ontario numbered 12,787 units in February 2024. This was a sizable gain of 15.6% from February 2023. Active listings were 38.2% above the five-year average and 4.6% above the 10-year average for February. Months of inventory numbered 2.6 at the end of February 2024, up from the 2.5 months recorded at the end of February 2023 and above the long-run average of 2.3 months for this time of year.  ...

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Tuesday, February 20, 2024   /   by Shiela Balanay

Ontario MLS® Home Sales Mark Huge Rebound in January

Residential sales activity reported through the MLS® Systems of real estate boards in Ontario numbered 9,509 units in January 2024. This was a sizable gain of 21.4% from January 2023. Months of inventory numbered 3.1 at the end of January 2024, down from the 3.3 months recorded at the end of January 2023 and above the long-run average of 2.8 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity. ...

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Team Glasser Real Estate Brokerage Inc.
99 Horton St W
London, ON N6J 4Y6
Office: 519.670.0385

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